Brislin Company has four operating divisions. During the first quarter of 2020, the company reported

Brislin Company has four operating divisions. During the first quarter of 2020, the company reported aggregate income from operations of $210,600 and the following divisional results.     Division       I   II   III   IV   Sales   $245,000   $197,000   $504,000   $450,000   Cost of goods sold   200,000   192,000   301,000   249,000   Selling and administrative expenses   72,400   63,000   58,000   50,000   Income (loss) from operations   $ (27,400)   $ (58,000)   $145,000   $151,000   Analysis reveals the following percentages of variable costs in each division.     I     II     III     IV     Cost of goods sold   73 %   91 %   82 %   75 %   Selling and administrative expenses   39     59     50     61     Discontinuance of any division would save 50% of the fixed costs and expenses for that division. Top management is very concerned about the unprofitable divisions (I and II). Consensus is that one or both of the divisions should be discontinued. Prepare a columnar condensed income statement for Brislin Company, assuming Division II is eliminated. Division II’s unavoidable fixed costs are allocated equally to the continuing divisions. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) BRISLIN COMPANY CVP Income Statement For the Quarter Ended March 31, 2020     Divisions       I   III   IV   Total   Sales   $     $     $     $     Variable costs                      Cost of goods sold                      Selling and administrative                         Total variable costs                   Contribution margin                   Fixed costs                      Cost of goods sold                      Selling and administrative                         Total fixed costs                   Income (loss) from operations   $     $     $     $  

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